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Stocks open mostly higher, extending a rally

U.S. stock indexes are opening mostly higher as the market builds on its big gains from last week.

The Dow Jones industrial average rose 69 points, or 0.4 percent, to 17,874 as of 9:35 a.m. Eastern time Monday.

The Standard & Poor’s 500 index rose less than a point to 2,071. It rose 3.4 percent for last week, its second-best gain this year.

The Nasdaq composite edged down three points, or 0.1 percent, to 4,762.

European and Asian markets also rose on hopes that some stability was emerging in oil markets following a rout that’s seen prices slide to five-year lows.

Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.17 percent.